Judge Slaps Down HP's 3rd Try At Autonomy Settlement
Law360, San Diego (December 19, 2014, 10:19 PM EST) -- A California federal judge on Friday rejected Hewlett Packard Co. shareholders’ third attempt at a settlement in their derivative suit over HP's disastrous $11.1 billion Autonomy Corp. acquisition, ruling the deal’s potential release of claims was still far too broad.
U.S. District Judge Charles R. Breyer had critiqued a version of the settlement during a September hearing, noting that a detailed, 49-part list of examples appeared to bar any potential future claims against HP's top management. The latest version removed the list, but said the deal would prevent suits over all allegations in the complaint.
But the complaint references a history...
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